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IndoStar Capital Finance Limited IPO (IndoStar Capital Finance IPO) Detail

May 9, 2018 - May 11, 2018

Incorporated in 2009, Mumbai based IndoStar Capital Finance Limited is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. The company operates four principal lines of business, namely corporate lending, SME lending, vehicle financing and housing financing. It recently expanded its portfolio to offer vehicle finance and housing finance products.

IndoStar conducts its retail operations through ten branches across Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Jaipur, Surat, Ahmedabad, Pune and Indore and central support office in Mumbai.

The lenders of the company include, among others, 14 public sector banks, 13 private sector banks, 21 mutual funds and four insurance companies and other financial institutions. The distribution network includes approximately 210 personnel in its in-house sales team, and approximately 648 third-party direct sales associates (DSAs) and other third-party intermediaries.

Strengths-
1. Strong SME lending businesses
2. A high-quality loan portfolio with low rates of Gross NPAs and Net NPAs.
3. Proven track record of delivering results. Between fiscal 2013 and 2017, the company's Total Credit Exposure and total revenue grew at a CAGR of 30.0% and 31.4%, respectively.
4. Access to best industry practices and international corporate governance standards due to institutional Promoter.

Company Promoters:

The Promoter of the Company is Indostar Capital. The Promoter was incorporated as a private company limited by shares under the laws of Mauritius. The principal activity of Indostar Capital is investment holding. It holds 71,102,635 Equity Shares, representing 90.37% of the issued, subscribed and paid-up equity share capital of the Company.

The board of directors of the Promoter comprises of the following persons:
(1) Alok Oberoi;
(2) Atul Kapur;
(3) Deepak Shahdadpuri;
(4) Lorrance Brooks Entwistle;
(5) Amit Manocha;
(6) Soraj Bissoonauth;
(7) Anisha Poonyth;
(8) Sanjoy Chatterjee; and
(9) Marie Francoise Krin Chin Chung Kee Mew (permanent alternate director to Sanjoy Chatterjee).

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 54,853.65 46,922.73 39,916.86 31,608.02 22,070.85
Total Revenue 7,155.42 6,413.79 5,280.56 3,969.05 2,415.77
Profit After Tax 2,090.38 1,910.16 1,490.65 1,121.36 900.94

Objects of the Issue:

The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their share of the Offer related expenses. The Company will not receive any proceeds from the Offer for Sale

The Objects Of The Issue is to utilize the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.

IndoStar Capital Finance IPO Details
Issue OpenMay 9, 2018 - May 11, 2018
Issue TypeBook Built Issue IPO
Issue Size32,237,762 Eq Shares of Rs 10
(aggregating up to Rs 1,844.00 Cr)
Fresh Issue[.] Eq Shares of Rs 10
(aggregating up to Rs 700.00 Cr)
Offer for Sale20,000,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 570 - Rs 572 Per Equity Share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE
IndoStar Capital Finance IPO Tentative Date / Timetable
Bid/Offer Opens OnMay 9, 2018
Bid/Offer Closes OnMay 11, 2018
Finalisation of Basis of AllotmentMay 16, 2018
Initiation of RefundsMay 17, 2018
Credit of Shares to Demat Acct:May 18, 2018
IPO Shares Listing Date:May 21, 2018

IndoStar Capital Finance IPO Subscription Status (Live)

IndoStar Capital Finance IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

6,435,086

4,842,106

11,298,246

22,575,438

May 11, 2018 16:30

16.08x

6.91x

1.17x

6.65x

IndoStar Capital Finance IPO Prospectus

IndoStar Capital Finance IPO Rating

1106
4.0
Rating:Rated 4.0 stars

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IndoStar Capital Finance IPO Listing Date

  •   ›  Listing Date: Monday, May 21, 2018
  •   ›  BSE Script Code: 541336
  •   ›  NSE Symbol: INDOSTAR
  •   ›  Listing In: B
  •   ›  ISIN: INE896L01010
  •   ›  Issue Price: Rs 572 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 572.00
Rs 600.00
Rs 578.50
Rs 606.30
Rs 585.50
2,688,376
NSE
Rs 572.00
Rs 600.00
Rs 579.10
Rs 606.80
Rs 586.10
16,614,188

IndoStar Capital Finance IPO Reviews / Ratings

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Company Contact Information

IndoStar Capital Finance Limited
One Indiabulls Center, 20th Floor,
Tower 2A, Jupiter Mills Compound
Senapati Bapat Marg, Mumbai 400 013
Phone: + 91 22 4315 7000
Fax: +91 22 4315 7010
Email: investor.relations@indostarcapital.com
Website: http://www.indostarcapital.com/

IndoStar Capital Finance IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: indostar.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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IndoStar Capital Finance IPO Review / Comments

avatar
784. mentor ipo  Jul 23, 2018 13:24 I Like It. | Report Abuse
Experts views required for Indo Star - Stay or Sold ???
avatar
783. NITIN S. CHANAWALA  Jul 21, 2018 18:44 I Like It. | Report Abuse
hold k sale
avatar
782. sagar dasa  Jul 21, 2018 00:59 I Like It. | Report Abuse
Mutual fund companies started selling shares.. Exit as early as possible.. 3 months TGT is 350
avatar
781. kiah  Jul 13, 2018 13:55 I Like It. | Report Abuse
What's wrong with indostar making new low
avatar
780. Rakesh Brijwasi  Jul 4, 2018 21:52 I Like It. | Report Abuse
Friends. What is the future of indostar ipo
avatar
780.1. Sdpp  Jul 4, 2018 23:45 I Like It. | Report Abuse
Jitna lena ho utna indo star lelo. 1 year Target 1000 jayega conform..
avatar
780.2. ipobull  Jul 9, 2018 16:07 I Like It. | Report Abuse
It is now consolidating at 520 levels with very limited downside. It shall test your patience, but will rise handsomely within next 4 months.
avatar
779. kiah  Jun 28, 2018 19:57 I Like It. | Report Abuse
Experts pls reply
Any short term target
avatar
778. VIE  Jun 27, 2018 13:26 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ bayer shah
Few day before i had seen the inverview of s
R shridhar. Co. Is focusing on commercial vechicle lending. Mr shridhar earlier work with shriram fin. Which had expertise in comm. Lending. Further they are more focus on making about each 120 branches profitable. Then make further expansion. Good long term bet.
avatar
777. CM Rathi  Jun 26, 2018 22:29 I Like It. | Report Abuse
Indostar Capital Finance on 19 June 2018 subscribed 3,50,00,000 equity shares of face value Rs 10 each issued by IndoStar Home Finance, wholly-owned subsidiary of the Company ('IHFPL') on Right Issue basis at par, wherein Rs 5 (Rupees Five only) per equity share aggregating to Rs 17,50,00,000 was paid towards application money and balance amount shall be paid in one or more tranches, as and when calls are made by the Board of Directors of IHFPL.

Source: Business Standard on 19th June
avatar
776. kiah  Jun 26, 2018 18:21 I Like It. | Report Abuse
Any upper level in short term like 1 month
avatar
775. DR. Bayer shah  Jun 26, 2018 16:47 I Like It. | Report Abuse
Expert please guide this indostar is making low each day kindly guide hold or sell at this level....made huge mistake.
avatar
774. shub mehta  Jun 26, 2018 13:56 I Like It. | Report Abuse
Y Indo star go down.
avatar
774.2. harit  Jun 26, 2018 15:46 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Something wrong is happening in TOP level
Retail investors got hammered by inside trader or promoters
avatar
774.3. Abhishek Mani  Jun 26, 2018 15:52 I Like It. | Report Abuse
During the IPO also i had warned investors but still greedy investors applied in it and did not sold it when by chance it listed at premium. Now they are crying.
Following were my comments posted on 11th May in this site,
----------------------------------------------------------------------------------------------------------
It is not expected to list at significant premium. So for guys looking for listing gain its a risky gamble. Many good ipo stocks like ICICI Securities, BSE, Future Supply etc are avaiblable at attractive rate which can be bought instead of gambling in this ipo. Spike in bond yields is fundamentally negative for NBFCs and hence best time of NBFCs seems to be over.
avatar
773. harit  Jun 18, 2018 10:54 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Block deal @560 of 305000 share
Strong base made
Keep holding
Some people suggest 990 @2021 fy
40 to 45 โ„… gain in next 2-3 years
avatar
773.1. Justaninvestor  Jun 25, 2018 23:58 I Like It. | Report Abuse
Management has issued 3,50,00,000 at par to its subsidiary and @572 to public, still hold recommendation. Is there people from management. IPO was of 3,22,00,000+ share. Top class cheat.
avatar
772. harit  Jun 14, 2018 17:59 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Hdfc mf has 14 lac share
Absl mf has 7.2 lac share
Of Indostar
avatar
771. Dhruviy jain  Jun 11, 2018 20:03 I Like It. | Report Abuse
Is this share is good for long term ???
avatar
771.1. Justaninvestor  Jun 26, 2018 00:01 I Like It. | Report Abuse
Not at all. Management has allotted shares to its subsidiary at par 3,50,00,000 shares whereas sold to public 2,00,00,000 shares at372
avatar
771.2. harit  Jun 26, 2018 09:14 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Is there any open offer by Indostar?
avatar
770. sunilStockLearner  Jun 9, 2018 17:32 I Like It. 1 | Report Abuse
@Anarchist Sir,

OK Sir, I rest my case. Have a nice weekend :)


Thanks,
Sunil
avatar
770.1. Anarchist  Jun 9, 2018 17:46 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
Yep! ..You too have a great weekend..
avatar
769. sunilStockLearner  Jun 6, 2018 14:01 I Like It. 5 | Report Abuse
@Admin,

Just a suggestion, Not want to offend any one.
Can we delete the post related to political discussion, as this forum is for information sharing not going hard or in abusive manner to any person or party.

@Other: Please let me know your suggestion too so that we can improve the forum productivity.

Thanks,
Sunil
avatar
769.2. sunilStockLearner  Jun 9, 2018 16:20 I Like It. 2 | Report Abuse
@Anarchist Sir,

Exactly but slight difference. Stocks are dependent on policies and not government thought gov. only makes those policies. So we should discuss the policies and not the government. Its not touching about raw nerve of any one, its just the suggestion for improving forum productivity.

You are very senior and knowledgeable person than me and have better understanding. If still you or any other forum wants to discuss about government then its up to them. I have expressed my opinion.

Thanks,
Sunil
avatar
769.3. Anarchist  Jun 9, 2018 17:30 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
@. sunilStockLearner

Of course one must talk about the policies...But policies are crafted by the government..no? ..We don't talk about them without talking about the perpetrators...like we don't talk about Hiroshima bombing without talking about Harry Truman...

And I believe seniority in no way can be related to wisdom...I personally know of a senior who could easily win the stupidest living creature contest if they had organised one....
avatar
768. amit ghosh  Jun 7, 2018 23:07 I Like It. | Report Abuse
Is there any IPO in the month of june ?
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768.1. โ„นโ“‚๐Ÿ†’๐Ÿ†—๐Ÿ˜Ž๐Ÿ˜ƒโ˜ ๐Ÿ›โšบโšป  Jun 8, 2018 23:10 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
No IPO till June end
avatar
767. Umang and his ultrasonic uproar  Jun 1, 2018 23:42 I Like It. 4 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Nice article which I read, I am sharing with forum friends :::::


The party got over sometime ago and things have gotten pretty weird. The liquidity driven rally post demonetisation in micro/small/midcaps is ending in a pretty dramatic fashion. Lot of reasons were being given for things going up last year from liquidity, momentum, phenomenal earnings growth (in the P/L at least) etc. Experts came on TV channels and gave buy calls by the dozen and everyone ended up looking like Nostradamus.

Now onto the weirdness. The reasons for the carnage again are many and varied. To mention a few offered since Jan '18

LTCG
Mutual Funds rejig due to reclassification
Liquidity!
Crude/Rupee/Interest rates
CFOs/Auditors resigning
Cyclicals peaking
Cooked books
Overvalued IPOs
Loss of momentum
Bad corporate governance.

This is how it has unravelled
1. Vakrangee
2. P. C. Jewel
3. Gitanjali jems
4.Lasa/oscl
5.sintex platics
6.Advanced enzymes
7.Rain ind.
8.Himadri speciality chem
9.Delta corp.
10. Ujjas energy
11. MRSS
12. Sanwaria
13. IMFA
14. DCM shriram
15. Avanti feeds
16. Manpasand breweries
17. Dilip buildcon
18. Vikas ecotech
19. Atlanta
20. L. T foods
21. Kitex
22. Suzlon
23. Inox wind
24. Indocount
25. Emkay global
26. Butterfly gandhimati
27. Rci ind.
28. Allcargo logistics
29. LEEL
30. AND LAST BUT NOT LEAST ALL PHARMA STOCKS.
31. All recently listed SME STOCKS

Micro/Small/Midcaps can be great wealth creators but it cuts both ways so it is very important to learn how not to lose money as well.
One can add more if I had missed any.


avatar
767.9. BAJAJ  Jun 8, 2018 19:02 I Like It. | Report Abuse
out of the three which sme should Apply
1. Accuracy Shipping Limited
2. Priti International Limited
3. Shree Oswal Seeds & Chemicals Limited
All are come From Pantomath

@umang which ine to apply..
avatar
767.10. Umang and his ultrasonic uproar  Jun 9, 2018 12:31 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@BAJAJ,
Don't put any application in any of the three, rather buy any stock from secondary market, which has posted good last quarter result.
You will get stuck in SME. To get listing gain of 10 to 15%, you may end up losing 30 to 40 % of your capital.Sme listing is unpredictable so it is not advisable to apply now, when most of the recently listed SME'S are reduced to 25 to 40 %.
avatar
766. Satoshi Nakamoto  Jun 7, 2018 20:58 I Like It. 2 | Report Abuse
Time to exit this counter completely. I exited at 601 and 584.
avatar
765. NSN AT IPO  Jun 7, 2018 13:16 I Like It. | Report Abuse
Glenmark Pharma in ASM list??
avatar
765.1. โ„นโ“‚๐Ÿ†’๐Ÿ†—๐Ÿ˜Ž๐Ÿ˜ƒโ˜ ๐Ÿ›โšบโšป  Jun 7, 2018 13:39 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
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